30
Apr
14:57
GCC's sole HRC producer to cut July-rolling price
The Gulf Cooperation Council's only flat steelmaker, the Saudi mill, has cut its hot rolled coil prices by $20/tonne versus June to $700/t base delivered nationwide for July rolling. Kallanish notes that imported HRC prices have remained the same compared to last week.
There were a few agreements sealed in the bloc last week. One tube maker concluded a deal for two different grades (S235JR and S275JR) of 1.8mm+ thickness through a trading house sourcing from a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous